The Scott’s Addition-based firm has just capped off its third and largest investment fund to date, raising more than three times its previous fund.
Local private equity firm tops off $100M fund
Michael Schwartz
Michael Schwartz is the editor of Richmond BizSense, and covers banking, lawsuits, finance, M&A and golf. He can be reached at [email protected] or 804-855-1037.
Bank of America to build from-scratch branch near Brandermill
Amid an ebb and flow of branch openings and closings across the region, the banking giant is looking to the Chesterfield suburbs for a new location.
‘Never be afraid to die’: Development community discusses Salomonsky’s influence
The prolific and polarizing developer was both revered and feared. He preached the virtues of hustle while showing how it’s done: Not even his lingering illness could stop him from working hard, even up to the final days of his life.
Wells Fargo closing downtown branch at 2nd and Grace
It will be the bank’s ninth Richmond-area branch to be put on the chopping block in the last couple years, including two others that are set to close in the coming weeks.
Louis Salomonsky, prolific and controversial local developer, dead at 84
The prolific, trailblazing and controversial developer was among the first in the region to see the promise of using historic tax credits to rehab the city’s old buildings into new uses.
Virginia Credit Union eyes continued expansion with switch to federal charter
After being stymied in an expansion attempt by the State Corporation Commission last year, Richmond’s biggest credit union is looking to sidestep the state regulator by taking its charter to the federal level.
Bulk of Shockoe law firm KVCF moving to Williams Mullen
Nearly all of KVCF’s attorneys will be making the move, which will lead to the firm being wound down and leaving its main office in Shockoe for the Williams Mullen Center a few blocks up.
Henrico-based LL Flooring weighs ‘strategic alternatives’ as suitors hover, stock price lags
The publicly traded company, formerly known as Lumber Liquidators, disclosed earlier this month that it’s exploring moves that could include a potential sale or merger.
Credit union giant Langley FCU expanding into Richmond market
The $5 billion institution and one of the largest credit unions in the state is entering the Richmond market for the first time with an outpost in Short Pump.
Financial firms resolve ‘Virginia Asset’ name dispute
The trademark dispute between two similarly named Virginia financial advisory firms has been settled after nearly a year of back-and-forth in court.